I wouldnt be averaging in at equal terms. If my total risk exposure was to be a maximum of 5% then my first order would be for 3%, second for 1.5% and third for .5% or something along those lines. That way if I am wrong from the outset then my ...

Averaging Down

I should have been more clear, SLs would not be those figures but instead something like 100-200 pips. This was very quick, not really well thought out but an example. The figures are skewed but could potentially mirror dips that you would rebuy at ...

Averaging Down

Whats wrong with taking the medicine on the first one, closing out and re-evaluating. If the market moves lower and you get a new signal then would it not be best to then open a new position. If this position moves against you then you know your ...

Averaging Down

I was going off this Answer: The guy averaging in pays the spread TWICE and gets a worse average price... The spread costs are the same regardless as I mentioned and the averaging in guy gets a worse average price, how can that be. The average in ...

Averaging Down

How can you be so sure that your analysis is right? I watch threads like the AUD/USD and/or the EUR/USD. There is so much conflict of where the markets are going that it is the simpliest place to understand why the markets fluctuate. If your wrong, ...

Averaging Down

But the outcome of the spread is equal regardless. If I open a position of 2% twice I still pay the same cost of spread (provided the spread value is the same) as I do on 4% once. Also you dont average into a position with the same value. If I open ...

Averaging Down

Your mindset is probably more closely related to the 'scaling in' principle as opposed to the averaging down principle which like martingaling usually ends with a spectacular blowout. Scaling in is perfectly fine provided the overall picture ...

Averaging Down

I still have a demo account for times when I am not quite sure something will work out but want to put it in play, it can be a handy tool to help further the skill set without risking the actual capital in play so it is smart to use that until you ...

The DIBS Method... No Free Lunch continues

regardless of what you use it is you that needs to be comfortable with it and happy with the overall outcome. The larger the Moving Average the better chance you have of staying in the trade longer and not being stopped with the smaller pullbacks, ...

The DIBS Method... No Free Lunch continues

This thread hasnt had a post in a few weeks but let me just put it plainly to the above quote. If you were trading with capital of 50mil then you would be quite happy with the paltry 20%-30% returned but those hedge funds. That would net you around ...

Why do hedge funds have such poor returns compared to successful retail traders?

EUR/USD — End of the week, just holding the 1 trade at the moment and it has weather some brutal close call. 3 hourly IB that was picked up the other day. I was close to cancelling this call for a break to a high but kept it too see what the ...

Daily Inside Bars

yep same here, just to wake up and see that the market had another one of its tempory fits which stop me out, went a further 6 pips before tanking again. I went to bed probably an hour to early with the massive pin bar on the USD/CHF that resulted ...

Daily Inside Bars

update — Off to bed now, the USD/CHF trade looks poised to hit my SL for another small setback, EUR/USD looks to be breaking downside so my IB break will be the short side as per the positioning relative to the weekly open price. If this holds ...

Daily Inside Bars

Charts

Daily Inside Bars

Did you take this trade. I am short from 9687 and have tightened the SL to above yesterdays High. Not sure on what will happen but this is a classic example of weathering a small storm with the potential of great downside. SL being tightened ...

Daily Inside Bars

EUR/USD — 3 hour IB (Oanda) on the EUR/USD. Risk for setup is about 40 pips (spread included). Daily has a pin bar IB combination (a personal fav) off previous S/R area which has me thinking more bullish. The IB in the chart is at the top end ...

Daily Inside Bars

GBP/JPY — Is at the top end of a long time range with significant downside. I will look to add a pending short on Fridays IB. This is on a daily chart but the biggest concern is the size of Thursdays bar which has me looking to the upside as I ...

Daily Inside Bars

i have started my campaign the same way I started this thread with a quick loss. With all the tails the uptrend on the daily is still in place so I was not surprise and once again that is why the risk was nothing special. So Monday 14th starts off ...

Daily Inside Bars

Just got in — Chart attached with trade now in place. SL is above the last few wicks to give it some room. With the small risk and spread cost I have factored this into the risk. Last bar to close is also an outside bar (BEOB) with a close ...

Daily Inside Bars

AUD/JPY Pending — Came to this one late but still could work. Had I put an order in at the start of the candle I would have been stopped out but I have a limit order in place at the low 83.47 with a 10 pip SL on the hourly. Strong move down ...

Daily Inside Bars